PayNearby, an Indian branchless banking and digital network, announced the addition of Saif Khan to executive team as Chief Growth Officer.
As PayNearby’s CGO, Khan’s endeavour would be to augment the company’s business model and scale exponentially on the top line as well as the bottom. By enabling the best strategies to digitise Bharat and bridge the urban-rural divide, he will be responsible to make PayNearby the benchmarked financial service provider in the country.
The company stated that the appointment is aligned with its ambitious plans to drive growth, through Distribution as-a-service (DaaS), across emerging businesses and channel partners. Khan will aid in accelerating and expanding PayNearby’s footprints by identifying market needs and opportunities to scale the business while delivering greater value to stakeholders. He will work in tandem with PayNearby’s sales team to achieve growth momentum on planned and new initiatives.
Khan is a seasoned business leader with over 20 years of experience in the banking industry. He most recently served as the Country Head of Private Banking, at YES Bank, where he was instrumental in conceptualising and implementing the Business Design of Private Wealth.
Prior to his time at YES Bank, Khan worked with IndusInd Bank, ICICI Bank and Citibank across functions in branch banking and distribution roles and in a variety of leadership capacities.
Speaking on the appointment, Anand Kumar Bajaj, Founder, MD & CEO, PayNearby, said, “I am thrilled to welcome Saif into the PayNearby family. Saif will be a key player in rapidly growing our company to achieve our growth targets while gaining more reach at the last mile. At PayNearby, we are witnessing stellar progress, riding on the back of our cutting-edge, tech-led DaaS network and various product offerings designed to make Bharat financially and digitally empowered. Continuing our trajectory, we have plans to fast-track our progress while introducing new lines of business and product offerings, helmed by Saif. He shares a deep passion for our mission and has demonstrated a strong track record of transitioning businesses to full scale, which will be crucial as we enter the next phase of our journey to make India inclusive. We have an ambitious and aggressive growth plan in the coming months, and he is the right fit to make the impact and lead this initiative. Saif is a great addition to PayNearby’s future initiatives, and we look forward to achieving more with his expertise.”
Talking about the new role, Khan, said, “PayNearby is on a swift growth path, and I feel honoured to be a part of this remarkable journey. We are on a mission to make financial and digital services available to everyone, everywhere, and with our DaaS network, we are taking high-end technology to the last mile. We are ready to move to the next stage of growth as we strive to make a meaningful difference in the lives of all in Bharat and empower them. I am determined to help PayNearby reach even greater heights while fostering inclusive growth.”
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